Qualcomm Stock Jumps on Amazon AI Chip Deal 
TSMC August Revenue Jumps 53% on AI Chip Demand 
Australia Plans New Rules Giving Users Control Over Social Media Feeds 
Hyundai Delays In-House ADAS, Turns to Nvidia 
Enflame Shares Surge 200% in Shanghai AI Chip Debut 
OpenAI Targets Specialized Industries as Enterprise AI Demand Grows 
Google Revamps EU Search Results to Meet DMA Rules 
Optus Apologises After Network Outage Disrupts Emergency Calls 
Novartis M&A Strategy Faces Investor Scrutiny After Drug Setbacks 
Nvidia Plans 2GW Australia AI Data Center Expansion by 2027 
TetherMax Expands into Asian Market Following Rebranding, Names Actor Yun Siyun as Brand Ambassador 
Nvidia Eyes $10 Billion Investment in Anthropic IPO 
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1% 
Anthropic Drops $6 Billion Decart AI Acquisition Talks 
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
Add as a preferred source on Google
SpaceX is poised to receive a substantially larger weighting in the Nasdaq 100 later this month, potentially driving billions of dollars in purchases by passive investment funds that track the technology-heavy index.
According to pro forma data from Nasdaq’s Global Index Watch cited by Bloomberg, SpaceX’s Nasdaq 100 weighting is expected to climb to approximately 2.82% from about 1.28%. The final weighting will be established later this month.
The adjustment could generate significant demand for SpaceX shares because index funds and exchange-traded funds are required to rebalance their portfolios to reflect benchmark changes. One of the biggest funds affected is the Invesco QQQ Trust Series 1, which manages roughly $481 billion in assets.
SpaceX initially received a relatively small Nasdaq 100 weighting when it joined the index in July. At the time, a substantial portion of its shares remained under lockup restrictions, limiting the number available for public trading.
That restricted free float reduced SpaceX’s initial influence within the benchmark. Nasdaq had previously revised its rules to allow newly listed large-cap companies to join the Nasdaq 100 sooner while eliminating a requirement that at least 10% of their shares be publicly tradable.
Since then, additional SpaceX shares have entered the market as lockup periods expired. The expanding free float is now allowing the aerospace and satellite company to secure a larger Nasdaq 100 weighting.
The upcoming rebalance could also make SpaceX a more influential driver of Nasdaq 100 performance. With its weighting potentially more than doubling, movements in SpaceX shares would have a greater impact on the overall index.
Further increases remain possible as additional shares are scheduled to exit lockup restrictions. A continued expansion in SpaceX’s publicly tradable share count could eventually result in another upward adjustment to its index weighting.
SpaceX shares closed at $151.21, gaining 2.04%, according to Bloomberg data.
